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BSE   17 Apr 14 | 12:00 AM

280.00 10.7 (3.97%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 532286
Face Value: N.A.

NSE   17 Apr 14 | 12:00 AM

280.30 10.9 (4.05%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: JINDALSTEL
Performance
1 Week : Rs 280.05 (-0.02%)
1 Month : Rs 260.70 (7.40%)
1 Year : Rs 336.65 (-16.83%)
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JSPL buys CIC Energy for $116 mn

Shubhashish / Mumbai 05 Sep 12 | 11:23 AM

Jindal steel and Power Ltd (JSPL) has completed the CIC Energy acquisition for $116 million. The company is likely to make an announcement about this acquisition soon.

A company official confirmed that the deal was signed last night.

CIC is a Canada-based coal miner with mines in Botswana, Africa. JSPL will be spending $100-150 million on infrastructure in the landlocked country to mine and ship the coal.

Earlier JSW energy was in talks to buy the company but the talks fell through.

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